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Mercy House <br />Rental income Assumptions Years 21-30 <br />RENTAL INCOME ANALYSIS: <br />unit <br />Number <br />Gross Monthly <br />Utility Net Monthly Not Annual <br />AMI <br />Size <br />of units <br />Rent* <br />Allowance" Rent Rent <br />% of Median <br />Bedroom/ <br />50% <br />Shared bath <br />4 <br />750 <br />0 $ 3,000 $ 36,000 <br />Bedroom/ <br />50% <br />Private bath <br />1 <br />813 <br />0 $ 813 $ 9,756 <br />TOTAL PROJECT 5 $ 3.813 $ 45,756 <br />Rents projected are based on current posted OCHA rent and income limits dated 2010 (refer to below chart). Incomes will be increased in 20 years, but kept <br />conservative figures due to shared housing model. Any increase in rents will result in increased cash flow for years 21-30. <br />Assumes that utilities will be paid by Mercy House. Allowance will be provided if utilities are charged. <br />County of Orange <br />2010 Multi -Family Affordable Housing Program <br />Orange County Rent & Income Limits <br />ATTACHMENT A <br />2009 Orange County Adjusted Income Limit March 2009 <br />Source: State of California <br />Tax Credit Allocation Committee Web Site <br />US Department of Housing & Urban Development <br />Based on Household Size % of Median <br />Income <br />1 Person <br />2 Person <br />3 Person <br />4 Person <br />5 Person <br />6 Person <br />Median Income <br />100% <br />$65,100 <br />$74.400 <br />$83,700 <br />$93,000 <br />$100.400 <br />$107.900 <br />60% of Median <br />60% <br />$39,060 <br />$44,640 <br />$50,220 <br />$55.800 <br />$60.240 <br />$64,740 <br />Very Lowdncome <br />50% <br />$32,550 <br />$37,200 <br />$41,850 <br />$46,500 <br />$50,200 <br />$53,950 <br />40%of Median <br />40% <br />$26,040 <br />$29,760 <br />$33,480 <br />$37,200 <br />$40,160 <br />$43.160 <br />35 %of Median <br />35% <br />$22,785 <br />$26,040 <br />$29,295 <br />$32,550 <br />$35,140 <br />$37,765 <br />